Insecticides (India) are mulling to dilute 90% of its equity stake this financial year to raise Rs 100 crore. The company plans to part funds for expansion purpose. Not planning to go via fresh public issue route, the company will preferably opt for private equity funds. The promoter holding in the company, as per the March quarter, 2012, stands at 74.69%, while Institutions and Non-Institutions hold 5.92% and 19.40% of the company’s respectively.
The company has already invested Rs 100 crore during the last two years and early was stated to invest the similar amount in the next two years to increase capacity in Gujarat and Jammu plant. Presently, the company’s Jammu plant has a capacity to produce 61 lakh kg of granules per annum. Its manufacturing facility at Chopanki in Rajasthan has a production capacity of 38 lakh kg of bulk chemicals per annum.
Insecticides (India) is India’s leading agro-chemical and pesticides manufacturer. It has entered into technical collaboration with global giants AMVAC, USA for THIMET, which is country’s most popular generic pesticide. It manufactures insecticides formulations for crop protection. It has two formulations manufacturing units: one each in Chopanki, Rajasthan and Samba, Jammu.
Company Name | CMP |
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UPL | 510.95 |
BASF India | 4324.90 |
PI Industries | 3640.00 |
Bayer CropScience | 5560.00 |
Sumitomo Chemical India | 438.75 |
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